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Regus Files for Bankrupcy on New York Locations

Regus Files for Bankrupcy on New York Locations

Regus has filed for Chapter 11 on over 100 locations across the US, with 6 located in New York. These shared office spaces were based in Manhattan, Brooklyn, and Long Island City. This is in line with parent company, IWGs plan to trim 4 % of its global portfolio as a...
Manhattan Lags Behind Surrounding Area in Housing Sales

Manhattan Lags Behind Surrounding Area in Housing Sales

July saw a massive jump in housing sales everywhere except Manhattan. Westchester County, Long Island, Brooklyn and Greenwich, CT, all saw increases in sales, some as high as double the usual rate. Pending deals in Manhattan fell by 47% in the price range of $599k to...
The Power Shift in the Market

The Power Shift in the Market

70-90% of tenants are still paying their rent. As a result landlords are having negative cash flows. It is now a tenant favoring market. Landlords and banks will be impaired as this continues. Rents will likely go down as demands go down. Vacancies are likely to...
The Importance of the HVAC System in Your Office

The Importance of the HVAC System in Your Office

Air quality is now a leading concern for employers as they lease space. What HVAC system is in your building? What constitutes cleaner air for your employees? These questions should be asked prior to leasing space – and can also be a point of focus during lease...